Wednesday, November 28, 2012
New York Times: Tax Cuts, Tax Rates and Tax Shares, by Bruce Bartlett:
Last week, the IRS posted the latest individual income tax data for tax year 2010. Supporting the Republican worldview, the data show that the share of total income taxes paid by the rich increased; supporting the Democratic worldview, they show that the wealthy’s share of total income increased more, leading to a decline in their average tax rate. Sorting through these competing facts is a bit like determining whether the glass is half-empty or half-full, but I’m going to try.